Bitcoin ETFs shed $261M as XRP funds buck weekly outflow trend

Bitcoin ETFs shed $261M as XRP funds buck weekly outflow trend

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US spot Bitcoin exchange-traded funds (ETFs) returned to net outflows for the week on Wednesday as BTC fell below $82,000.

Bitcoin ETFs recorded about $262 million in outflows on Wednesday, reversing $176 million in inflows the day before, according to SoSoValue data.

The latest withdrawals brought this week’s net outflows to $151 million through Wednesday.

The funds logged $681 million in net outflows last week.

The outflows came as Bitcoin continued to decline after falling below $82,000 following Wednesday’s US inflation report.

Bitcoin traded at about $80,741 at the time of publication, down 3.2% over the past 24 hours, according to CoinGecko.

ETFs tracking Ether (ETH), Solana (SOL) and Zcash (ZEC) also recorded net outflows for the week through Wednesday.

Ether ETFs shed around $130 million on Wednesday, bringing weekly outflows to $190 million.

The funds recorded net outflows of $542 million last week and $138 million the week before.

Solana ETFs recorded $1.3 million in outflows Wednesday, extending their outflow streak to eight trading sessions, with $3 million in withdrawals this week.

Analiz: Piyasa hareketliliği devam ediyor.